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Bullboard - Stock Discussion Forum Technologies Sonomax Inc SXHHF

Sonomax Technologies Inc engages in the development, commercialization and sales of intra-ear technology for earphones, hearing protection, hearing enhancement, and other communication applications.

GREY:SXHHF - Post Discussion

Technologies Sonomax Inc > I will start this
View:
Post by mcgillstocks on Nov 22, 2012 8:32am

I will start this

So if read correctly, they will be selling the company for 10 million????  Can someone explain what they are doing?

First, 19% goes to MADE Global Brands if they make some sales..blalalalala

Taiwan gets 100 million shares for maybe 10 million and 51% rights to Sonomax IP.  

What kind of stupid agreement is that and what happens to Sonomax after? Isn't this similar to the 3M stupidity.

Comment by MRSPEC on Nov 22, 2012 9:00am
Market seems to think its good.  
Comment by berglay on Nov 22, 2012 9:13am
Half a cent rise doesn't mean the market thinks its good. Simply means there was leakage. I'd like to know if you can sue a company for stupidity. I think now Bre-X share certificates are worth more than SHH shares. Seriously Nick this is the best you could do with the so called best new hearing technology?? How many more shares would you like to issue. Are we at a billion shares yet? If ...more  
Comment by The_Primed_Report on Nov 22, 2012 9:15am
Mcgillstocks: I will reply quickly and in much greater detail in the days to come. This is very positive news in my opinion. "So if read correctly, they will be selling the company for 10 million????" No, they are selling 51% interest in their intellectual property (AKA Patent portfolio). The reasoning for this is not easily explained but I will work on that. "First, 19% goes ...more  
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